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Unpaid losses and loss expenses (Unpaid Losses and Loss Expenses Rollforward) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Unpaid Losses and Loss Expenses [Roll Forward]      
Gross unpaid losses and loss expenses, beginning of year $ 72,943 $ 67,811 $ 62,690
Reinsurance recoverable on unpaid losses, beginning of year [1] (16,184) (14,647) (14,181)
Net unpaid losses and loss expenses, beginning of year 56,759 53,164 48,509
Net losses and loss expenses incurred in respect of losses occurring in Current Year 24,495 22,966 22,124
Prior Year Claims and Claims Adjustment Expense [2] (1,153) (986) (414)
Total 23,342 21,980 21,710
Net losses and loss expenses paid in Current Year 8,117 7,836 7,782
Net losses and loss expenses paid in Prior Year 12,206 10,048 9,652
Total 20,323 17,884 17,434
Foreign currency revaluation and other (583) (501) 379
Net unpaid losses and loss expenses, end of year 59,195 56,759 53,164
Reinsurance recoverable on unpaid losses, end of year [1] 17,128 16,184 14,647
Gross unpaid losses and loss expenses, end of year 76,323 72,943 67,811
Prior Period Development, net adjustments $ 277 $ 60 $ 19
[1] Net of valuation allowance for uncollectible reinsurance.
[2] Relates to prior period loss reserve development only and excludes prior period development related to reinstatement premiums, expense adjustments, and earned premiums totaling $277 million, $60 million, and $19 million for 2022, 2021, and 2020, respectively.